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Dec 25, 2012
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cliff next week. they left congress on friday with a promise to return after christmas. er
cliff next week. they left congress on friday with a promise to return after christmas. er
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Nov 12, 2012
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cliff next wear. without an agreement $1.2 billion in cuts would go into effect january 1st, triggering a new recession. >>> grocery workers on the picket lines hope to get disputes resolved as soon as possible. their concern over a proposed wage freeze and sunday and holiday pay. both sides agreed not to discuss negotiations openly but striking workers are cautiously optimistic. >> the workers are committed to stay out here till they have a contract. >> the overall package the company says is one of the best in the industry. >>> jumps in the car, didn't have a coat and it was 36 degrees. the heat receiver probably still on. >> very chilly. today we start out cold in spots, diving down to the 30s this morning, 36 in fairfield, 38 concord and 37 in nap arc valley. it's a cold start to the morning we have a lot of clouds movings in. we could see a couple light sprinkles or light passing clouds. temperatures will stay fairly cool. about 4 degrees below average today, and warmer weather is on the way. we
cliff next wear. without an agreement $1.2 billion in cuts would go into effect january 1st, triggering a new recession. >>> grocery workers on the picket lines hope to get disputes resolved as soon as possible. their concern over a proposed wage freeze and sunday and holiday pay. both sides agreed not to discuss negotiations openly but striking workers are cautiously optimistic. >> the workers are committed to stay out here till they have a contract. >> the overall package...
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Dec 16, 2012
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cliff next weekend. >> what is it about the gun lobby that has such a hold on the politicians? >> the people who are gun enthusiasts, who see this as a central part of their personal identities are not -- they don't have fair weather priorities. guns, even with high magazine capacity, even big guns, even semi automatic guns, are not only important to them on saturday, december 15th, they are also important to them on january 15th and february 15th. and the intensity of their commitment and the fact that they stay committed in that way means that there are real penalties for elected officials going against those kinds of preferences, whereas the people on the other side who care about guns, but care about a lot of things other than guns are never going to become the single issue voter who scares the hell out of an elected official. >> makes a very good point, the short attention span of the average citizen. >> and the politicians who take an issue like this and, as he said, the people that are for gun control, they are also concerned about education, health and a number of other
cliff next weekend. >> what is it about the gun lobby that has such a hold on the politicians? >> the people who are gun enthusiasts, who see this as a central part of their personal identities are not -- they don't have fair weather priorities. guns, even with high magazine capacity, even big guns, even semi automatic guns, are not only important to them on saturday, december 15th, they are also important to them on january 15th and february 15th. and the intensity of their...
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Nov 7, 2012
11/12
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most urgently a fiscal cliff looming next month. economists warn if congress doesn't reach a mix of all tax increases and spending cuts, the economy could fall back into recession. but the president is optimistic. >> despite all the frustrations of washington, i have never been more hopeful about our future. >> reporter: with high unemployment and a huge national debt, the president has the next four years cut out for him. he will be sworn in for the second term during a private ceremony on january 20. the main public event will be in the nation's capital the next day. reporting in chicago, i'm bigad shaban. now back to you. >>> thank you. a big win for governor brown and for california schools. prop 30 passed with 54% of the vote. it is a plan that will increase taxes on wealthy californians to help better fund schools. cbs 5 reporter anne makovec over in oakland now with reaction from some of the teachers and voters alike. anne. >> reporter: looks calm out here but you can bet there's a lot of celebration from administrators, teac
most urgently a fiscal cliff looming next month. economists warn if congress doesn't reach a mix of all tax increases and spending cuts, the economy could fall back into recession. but the president is optimistic. >> despite all the frustrations of washington, i have never been more hopeful about our future. >> reporter: with high unemployment and a huge national debt, the president has the next four years cut out for him. he will be sworn in for the second term during a private...
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Dec 27, 2012
12/12
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also dragging down sales was uncertainty about the so-called fiscal cliff, tax hikes and spending cuts set to take effect next year. if lawmakers don't reach a deal to avoid it, consumers could see higher taxes eating into their paychecks. even online sales suffered. compared to past years of double-digit growth, this year, online holiday sales rose only about 8%, compared to nearly 16% last year. overall, holiday spending accounts for up to 30% of retailers' annual sales, so the disappointing season is a concern for an economy struggling to recover. >> consumers need to have more confidence. consumers need to feel that their jobs are secure. it's not an ideal situation. it's more of a conservative, cautious time. and companies are managing carefully, consumers are spending carefully. >> reporter: retailers are now hoping to lure consumers with deep discounts of 75% to 80% off in some cases as they try to salvage profits from this lackluster holiday shopping season. jim. >> axelrod: so, elaine, this is the first set of holiday shopping numbers that we've seen. any chance that they'll b
also dragging down sales was uncertainty about the so-called fiscal cliff, tax hikes and spending cuts set to take effect next year. if lawmakers don't reach a deal to avoid it, consumers could see higher taxes eating into their paychecks. even online sales suffered. compared to past years of double-digit growth, this year, online holiday sales rose only about 8%, compared to nearly 16% last year. overall, holiday spending accounts for up to 30% of retailers' annual sales, so the disappointing...
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Jun 12, 2023
06/23
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he tweeted that this could solve approximately 50% of the fiscal cliff over the next three years and that to cover the remaining half, they are exploring new legislation this year to create a bay area funding session. >> let's go back to santa fe where they're talking about a budget battle about the mayor addressing homeless crisis. the mayor there wants money in next year's budget evenly split at splitting between emergency shelters and permanent, affordable housing. hitting the problem from two vantage points. we look at the tensions at city hall. >> reporter: laura is a cancer survivor and says her long and expensive battle against the disease eventually left her homeless. >> i spinal cord surgery and in the hospital formants. i got out and they couldn't hold my apartment they packed up my stuff and put it in storage. >> reporter: laura joined three dozen posts protester opposing the mayor's plan restricting permanently affordable housing. she's lived in emergency housing the past three years. and feels the mayor's plan is well intentioned but shortsighted at >> i started applying
he tweeted that this could solve approximately 50% of the fiscal cliff over the next three years and that to cover the remaining half, they are exploring new legislation this year to create a bay area funding session. >> let's go back to santa fe where they're talking about a budget battle about the mayor addressing homeless crisis. the mayor there wants money in next year's budget evenly split at splitting between emergency shelters and permanent, affordable housing. hitting the problem...
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Dec 28, 2012
12/12
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cliff next week. the impact will be felt in many other ways as well. with us is market watch reporter kelli grant. >> also a very good base jumper. >> yes i'm looking forward to that clip. >> your video is on youtube somewhere, everyone can look it up. kelli we've seen consumer confidence decline and businesses not hire as a result of the uncertainty around the fiscal cliff, but there's another impact here and people could even see it on their dinner plate. >> definitely. we're seeing a lot of consumer impact from this, just because of the large budget cuts expected to go through, if we do in fact go off the cliff and of course, there's a lot of variation here it's up to each individual agency to decide how it's going to cut but when we talk to people in the industry they just have a lot of the worst case scenarios almost that could come to play that really do affect consumers. >> there's the farm bill on the edge here as well which could significantly impact milk prices. they're talking about the pot
cliff next week. the impact will be felt in many other ways as well. with us is market watch reporter kelli grant. >> also a very good base jumper. >> yes i'm looking forward to that clip. >> your video is on youtube somewhere, everyone can look it up. kelli we've seen consumer confidence decline and businesses not hire as a result of the uncertainty around the fiscal cliff, but there's another impact here and people could even see it on their dinner plate. >>...
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Jun 13, 2023
06/23
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weiner tweeted this could solve approximately 50% of the fiscal cliff over the next three years. and to cover the remaining half, they're exploring legislation this year to create a bay area funding solution. >>> we are still waiting for word on whether governor newsom will support the deal. they are expected to pass the budget on thursday. >>> okay, get ready, the signs will become a way of life in the mountains where they are still trying to tackle the long list of road repairs from this winter's damaging storms. >>> and more delays will begin today. they are closing highway 9 at jay's slidfotwo weekse patience ainly for pele who rely on highway 9. he found out how they're adapting. >> reporter: all the wet winter really left roads in santa cruz counties quite a mess as you cannot begin to prepare until things begin to dry out. so now there is a race to get as many of those roads as possible, repaired, reopened during the summer. you don't have to dry far into the santa cruz mountains to find a scene like this. the unrepaired remnant of the wet, wild weather. >> we have slides
weiner tweeted this could solve approximately 50% of the fiscal cliff over the next three years. and to cover the remaining half, they're exploring legislation this year to create a bay area funding solution. >>> we are still waiting for word on whether governor newsom will support the deal. they are expected to pass the budget on thursday. >>> okay, get ready, the signs will become a way of life in the mountains where they are still trying to tackle the long list of road...
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Nov 9, 2012
11/12
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it's the so-called fiscal cliff a combination of tax hikes and spending cuts scheduled to kick in next year. both democrats and republicans are talking compromise but we have heard this all before. and in the just released report from the nonpartisan congressional budget office predicts dire consequences unless it's resolved. this mornings stocks in asia dipped on concern over the crisis. tokyo's nikkei and hong kong hang seng were down 1% and wall street investors are selling. the dow jones industrials were down 434 points the last two days. today president obama in his first post-election comment will address the nation's fiscal problems. susan mcginnis is in washington with more on all of this. susan, good morning to you. >> reporter: good morning. you know, not everyone believes that the consequences of going over this fiscal cliff are going to be so severe. people are talking about a global financial crisis, another u.s. credit downgrade. those who do say there absolutely has to be a compromise. shortly after the confetti fell on election night both sides claimed victory in their
it's the so-called fiscal cliff a combination of tax hikes and spending cuts scheduled to kick in next year. both democrats and republicans are talking compromise but we have heard this all before. and in the just released report from the nonpartisan congressional budget office predicts dire consequences unless it's resolved. this mornings stocks in asia dipped on concern over the crisis. tokyo's nikkei and hong kong hang seng were down 1% and wall street investors are selling. the dow jones...
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Feb 25, 2013
02/13
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. >>> the clock ticking closer to that next "fiscal cliff" in washington. >> what we can't do is keep careening from manufactured crisis to manufactured crisis. >> and what some of the nation's governors have to say about the crisis after meeting with the president. >> and the last social security checks are going out this week nationwide. but it has nothing to do with the budget crisis. we'll explain coming up. >> hi, i'm meteorologist lawrence karnow in the kpix 5 weather center meteorologist. can't find any raindrops outside right now but could we soon find some temperatures in the 70s? we'll talk about that coming up. ♪ ♪ ♪ ♪ [ male announcer ] now's the time to add some beauty to your yard get 5 annuals for just $5 at lowe's today. about washington than italy this morning... the dow falling over concerns about the outcome of italy's national vote -- and >>> wall street worried less about washington than italy this morning the dow falling over concerns about the outcome of italy's national vote and impact on the european economy. the big board is down 63 points. the dow wa
. >>> the clock ticking closer to that next "fiscal cliff" in washington. >> what we can't do is keep careening from manufactured crisis to manufactured crisis. >> and what some of the nation's governors have to say about the crisis after meeting with the president. >> and the last social security checks are going out this week nationwide. but it has nothing to do with the budget crisis. we'll explain coming up. >> hi, i'm meteorologist lawrence karnow...
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Nov 9, 2012
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rates skyrocketing above 9% next year. >>> worries about the "fiscal cliff" sent stocks plunging again. ashley morrison is going to have an update in your moneywatch report coming up in just a few minutes. >>> in the meantime, coming up, an elite group of navy seals in trouble. >> why they are being disciplined for helping a videogame company. >> and a heist straight out of hollywood how a motorcycle gang pulled off a daring robbery right inside a mall. ,,,,,, there is no more heartbreaking a sight than the sad. the exposed. the public testament to unrealized potential in such epic proportion. conversely, there is nothing more glorious... than the last minute comeback. it looks like something outa james bond movie. six men, dressed in black, wearing helmets and carrying axes ad bats, ride into the mall on >>> a heist at a mall in london like from a james bond movie. six men dressed in bats with axes on motorcycles smashed a display window at a jewelry store and rode off with $3 million worth of jewels and watches. >> i can't believe they got away. >> it might have been at the end of th
rates skyrocketing above 9% next year. >>> worries about the "fiscal cliff" sent stocks plunging again. ashley morrison is going to have an update in your moneywatch report coming up in just a few minutes. >>> in the meantime, coming up, an elite group of navy seals in trouble. >> why they are being disciplined for helping a videogame company. >> and a heist straight out of hollywood how a motorcycle gang pulled off a daring robbery right inside a mall....
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Jan 2, 2013
01/13
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cliff" sometime in the next hour. there was talk by house republicans of offering an amendment that included spending cuts to the senate bill. democrats insisted on a vote on the original bill to avoid further delays. some republicans including representative eric cantor of virginia say they can't support it. and as that unfolds, a lot of californians hold their breaths. cbs 5 reporter ann notarangelo on failure in washington could be very bad news for the state trying to make a comeback. ann. >> reporter: elizabeth, construction sites look this one are popping up throughout contra costa county and they are signs of economic growth. and for the first time in a long time, we are hearing some optimism about california's economy. but for it to continue, we need a deal in washington. >> no doubt that from our perspective the number one thing we want to see is a resolution so that we can just continue with the growth we have been seeing over the past several quarters. >> reporter: he is the director of the governor's offic
cliff" sometime in the next hour. there was talk by house republicans of offering an amendment that included spending cuts to the senate bill. democrats insisted on a vote on the original bill to avoid further delays. some republicans including representative eric cantor of virginia say they can't support it. and as that unfolds, a lot of californians hold their breaths. cbs 5 reporter ann notarangelo on failure in washington could be very bad news for the state trying to make a comeback....
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Nov 11, 2023
11/23
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. >>> still ahead, some of the proposals that could pull bart back from the fiscal cliff, but up next, what would happen if bart became a thing of the bay area's past? i'll show you what a bay area could look like without bart. >>> and later crime and drug use are keeping people off the trains. we'll show you the technology bart police uses to there's challenges, and i love overcoming challenges. ♪ when better money habits® content first started coming out, it expanded what i could do for special olympics athletes with developmental needs. thousands of bank of america employees like scott spend countless hours volunteering to teach people how to reach their financial goals. it felt good. it felt like i could take on the whole world. (♪♪) (♪♪) (♪♪) get exclusive offers on select new volvo models. contact your volvo retailer to learn more. >>> despite low ridership and revenue, bart is still running. but say there was a scenario where the transit agency didn't run. >> reporter: the first leg of alec edges' commute from oakland to san francisco is done on two wheels. the s
. >>> still ahead, some of the proposals that could pull bart back from the fiscal cliff, but up next, what would happen if bart became a thing of the bay area's past? i'll show you what a bay area could look like without bart. >>> and later crime and drug use are keeping people off the trains. we'll show you the technology bart police uses to there's challenges, and i love overcoming challenges. ♪ when better money habits® content first started coming out, it expanded what...
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Dec 13, 2012
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"fiscal cliff" is fast approaching but the stalemate in washington continues. the white house is still demanding tax hikes on the top 2% but president obama did lower the amount from 1.6 to $1.4 trillion. republicans say that's not good enough. they are holding out for cuts to programs like social security. congressional leaders warn lawmakers not to make holiday travel plans. >> we are going to stay here right up until christmas eve throughout the time and period before the new year because we want to make sure that we resolve this in an acceptable way for the american people. >> meanwhile, fed chairman ben bernanke says the threat of the "fiscal cliff" is creating uncertainty in the economy. >> going home, guys. see you later. >> no comment from new jersey governor chris christie. but he did open up to barbara walters about his weight. he admitted that he is more than a little overweight but he says he has done thinks job well. christie says his size isn't something that would keep him from a run for the white house. it is rumored he is considering a presiden
"fiscal cliff" is fast approaching but the stalemate in washington continues. the white house is still demanding tax hikes on the top 2% but president obama did lower the amount from 1.6 to $1.4 trillion. republicans say that's not good enough. they are holding out for cuts to programs like social security. congressional leaders warn lawmakers not to make holiday travel plans. >> we are going to stay here right up until christmas eve throughout the time and period before the new...
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Sep 16, 2023
09/23
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they punt to the next fiscal cliff. then they have to come up with a deal to go through with reconciliation, which is less than 60 votes or we come to another calamity. >> mcconnell wanted to be reconciliation and the democrats have said we have to do it through regular order. that means it still may not happen because they are not taking the offer as mcconnell wants it and he likes things the way he likes them. >> that is right. he has a short memory and he looks back at when republicans were forced to vote on a debt ceiling by themselves. we are always won the election away from solving big things. this was a huge punt to dec december, which will be another cliff. >> stephen: we are always one election away from -- i did not think solving big things would be the end of that sentence. we seem to be one election away from chaos. >> the fact it is so slim makes it tough to get big things through. they have to negotiate and we will see if they do. >> stephen: i will ask brett how the contents of this book are related to t
they punt to the next fiscal cliff. then they have to come up with a deal to go through with reconciliation, which is less than 60 votes or we come to another calamity. >> mcconnell wanted to be reconciliation and the democrats have said we have to do it through regular order. that means it still may not happen because they are not taking the offer as mcconnell wants it and he likes things the way he likes them. >> that is right. he has a short memory and he looks back at when...
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Oct 7, 2021
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fiscal cliff. so now they've punted to december. and then they have to come up with a deal to either go through with reconciliation, which is less than 60 votes, or we come to another calamity. >> stephen: i heard mcconnell wants it to be reconciliation, meaning less than 60 votes, and the democrats have said, "no, no, we have to go to do it through regular order, meaning we need 60 votes so 10 of you have to come over." >> that's true. >> stephen: that means it still may not happen because they're not taking the offer exactly as mcconnell wants, and he tends to like things the way he likes them. >> that's right. and mcconnell has a short memory and looks back at when republicans were forced to vote on a debt ceiling by themselves. and this is politics in washington. we are always one election away from solving big things, it seems. this, today, was a huge punt to december, which is going to be another cliff. >> stephen: that's a really positive way of looking at it. because when you said, "we're a
fiscal cliff. so now they've punted to december. and then they have to come up with a deal to either go through with reconciliation, which is less than 60 votes, or we come to another calamity. >> stephen: i heard mcconnell wants it to be reconciliation, meaning less than 60 votes, and the democrats have said, "no, no, we have to go to do it through regular order, meaning we need 60 votes so 10 of you have to come over." >> that's true. >> stephen: that means it...
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Dec 13, 2012
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no one knows where he is and what he plans to do next. >>> "fiscal cliff" christmas could be the new warning as negotiations come to a screeching halt once again. >> plus go-kart gone wild. the stunt caught on tape putting drivers in danger. >> and a live look from beverly hymns. the golden globe nominees will be announced right now. we'll update you when we come back. rs. happening right now: ,,,,,,,,,,,, look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. (ad lib) jessica alba, megan fox and ed helms are e >>> happening right now the golden globe nomi
no one knows where he is and what he plans to do next. >>> "fiscal cliff" christmas could be the new warning as negotiations come to a screeching halt once again. >> plus go-kart gone wild. the stunt caught on tape putting drivers in danger. >> and a live look from beverly hymns. the golden globe nominees will be announced right now. we'll update you when we come back. rs. happening right now: ,,,,,,,,,,,, look at you guys with your fancy-schmancy u-verse high...
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Nov 27, 2012
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. >>> and the cliff. coming up in the next half hour, avoiding the fiscal cliff. congress back at work after the holiday break and shifting view op tax -- on tax reform and their demand from democrats. >>> and why more workers at a bay area airport could be allowed to carry firearms. >>> a bay area college launches a new recruiting strategy. why it is spending six figures to target a specific group of students. ,,,,,,,, when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew the coffee you love -- stronger, bigger, or hotter -- for ways to
. >>> and the cliff. coming up in the next half hour, avoiding the fiscal cliff. congress back at work after the holiday break and shifting view op tax -- on tax reform and their demand from democrats. >>> and why more workers at a bay area airport could be allowed to carry firearms. >>> a bay area college launches a new recruiting strategy. why it is spending six figures to target a specific group of students. ,,,,,,,, when i take a picture of this check, it goes...
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Dec 10, 2012
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thing tomorrow on cbs "this morning." >> big business is together in wanting to avoid the fiscal cliff. tonight randall pinkston with the worries of small business. >> reporter: retired army officer rod hudson runs a 13 man business that operates at the centre of national security. >> we make sampling kit for weapons of mass destruction. >> reporter: quicksilver analytics allow them to test for anthrax, chemical and nuclear materials. >> every air force base recently bought a sampling kit. all the special forces guys, coast guard strike teams. >> reporter: but now with the post-election budget fight in washington over the fiscal cliff, hudson's business faces a battle on three fronts. all of which are up in the air. defense cuts, tax hikes, employee health-care costs. >> uncertainty kills businesses, because you can't plan. you can't program, you can't forecast. >> reporter: with defense spending on the chopping block, even with congress avoids the fiscal cliff, hudson predicts that 15% slowdown in orders next year. >> it could be june before we start seeing orders and if that's true,
thing tomorrow on cbs "this morning." >> big business is together in wanting to avoid the fiscal cliff. tonight randall pinkston with the worries of small business. >> reporter: retired army officer rod hudson runs a 13 man business that operates at the centre of national security. >> we make sampling kit for weapons of mass destruction. >> reporter: quicksilver analytics allow them to test for anthrax, chemical and nuclear materials. >> every air force...
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Jan 2, 2013
01/13
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half hour, the "fiscal cliff" debate now in the hands of the u.s. house of representatives. we'll have a live report from washington coming up. >> there is no way i can run my business how we run this country. >> a common sentiment for the decades. how the "fiscal cliff" debate is driving public opinion of congress even lower. >> $1,000 at the end of the year, it's worth it to me. >> that time of year again we all think a little bit more about our spending habits. like buying lunch every day or coffee. an expert's suggestions for a better financial health in 2013. ,,,,,,,,,, so, we all set? i've got two tickets to paradise! pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? happier than eddie money running a travel agency. get happy. get geico. from washington as the hous representatives has its sayn the senate bill t
half hour, the "fiscal cliff" debate now in the hands of the u.s. house of representatives. we'll have a live report from washington coming up. >> there is no way i can run my business how we run this country. >> a common sentiment for the decades. how the "fiscal cliff" debate is driving public opinion of congress even lower. >> $1,000 at the end of the year, it's worth it to me. >> that time of year again we all think a little bit more about our...
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Nov 13, 2012
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looming large in the lame duck session is the urgent need to avoid the so-called fiscal cliff. we could cost middle income families about $2,000 more next year in taxes but lawmakers also had to find a way to glance the budget. the 2013 fiscal year started with a $120 billion budget deficit on track for another $1 trillion plus deficit year. >>> a strange twist in the david petraeus scandal. the investigation now involves another top rankening military official -- ranking military official. cbs reporter danielle nottingham with the inappropriate e-mails linking the top u.s. commander in afghanistan to the scandal. >> reporter: general john allen the top u.s. commander in afghanistan, is now linked to the scandal involving former cia director david petraeus. pentagon investigators are looking into e-mail communications between allen and tampa socialite jill kelley that some have characterized as flirtatious. kelley is the woman who went to the fbi with inspection threatening e-mails that agents traced to petraeus' alleged girlfriend paula broadwell. one senior defense official s
looming large in the lame duck session is the urgent need to avoid the so-called fiscal cliff. we could cost middle income families about $2,000 more next year in taxes but lawmakers also had to find a way to glance the budget. the 2013 fiscal year started with a $120 billion budget deficit on track for another $1 trillion plus deficit year. >>> a strange twist in the david petraeus scandal. the investigation now involves another top rankening military official -- ranking military...
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Dec 29, 2012
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year barring any detours caused by a "fiscal cliff." joe vazquez cbs 5. >> must be nice. >>> new year new laws and new protections for consumers. cbs 5 consumerwatch reporter julie watts explains how car buyers and homeowners are going to benefit in 2013. >>> reporter: from for profit education -- >> all my money my future is gone. >> reporter: -- to faulty foreclosures. >> for me they happen pretty quickly. >> reporter: and deceptive car dealers. >> , it's an in-house financing that he have. >> reporter: the consumer problems we resolved this year have run the gamut. but next year, a series of new laws may help prevent them altogether. first up buy here pay here. used car dealer financing for low income drivers. one in four of those drivers ends up with a repossessed car. >> it's leaking oil. >> reporter: borrowers like gentry ramos complain of inflated prices, unfair payment stipulations and sub cars with no warranty. now they are required to have warranty. dealers must show proof of fair market value and they can't make buyers pay ea
year barring any detours caused by a "fiscal cliff." joe vazquez cbs 5. >> must be nice. >>> new year new laws and new protections for consumers. cbs 5 consumerwatch reporter julie watts explains how car buyers and homeowners are going to benefit in 2013. >>> reporter: from for profit education -- >> all my money my future is gone. >> reporter: -- to faulty foreclosures. >> for me they happen pretty quickly. >> reporter: and deceptive...
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Dec 27, 2012
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employers can't be sure how much to deduct next week because of the "fiscal cliff." if you are on extended unemployment, those checks could also disappear by next friday. with no deal in congress, the jobless benefits end. and for those depend on the on those extend and unemployment checks on a weekly basis, right now will be the time to ration food since it's still not certain that there are benefits coming next week. and for those trying to plan ahead for anyone about to pass, the inheritance cast could shoot up to 50% if we go over the cliff. and not to mention the stock market, we all know that investors do not like uncertainty. so really hitting us from all sides. >> it's like we have one foot over the cliff already. >>> did you give thought to the "fiscal cliff" when doing your christmas shopping? many americans did because cbs 5 reporter mike sugerman tells us retail numbers weren't good. >> reporter: i'm at union square which is mobbed. it's swinging. i spent the day here and it didn't get active until a couple of hours ago and as i look around, i don't see a
employers can't be sure how much to deduct next week because of the "fiscal cliff." if you are on extended unemployment, those checks could also disappear by next friday. with no deal in congress, the jobless benefits end. and for those depend on the on those extend and unemployment checks on a weekly basis, right now will be the time to ration food since it's still not certain that there are benefits coming next week. and for those trying to plan ahead for anyone about to pass, the...
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Dec 10, 2012
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. >> reporter: with defense spending on the chopping block, even if congress avoids the fiscal cliff, hudson predicts a 15% slowdown in orders next year. >> it could be june before we start seeing orders, and if that's true, i will end up laying off people. >> reporter: hudson's also concerned about taxes. because his profits are treated as income, that puts him over $250,000 a year, the level at which president obama wants taxes to go up. >> i'm supposedly a rich guy? i don't think so. i think we ought to pay our share, but that could have an impact to the point that i may have to lay off one or two more people. >> reporter: the financial impact of the affordable health care act is also a question mark as the plan slowly phases in. >> i believe in families and supporting the employees, but, again, it's a big unknown. we looked at whether it might be beneficial to cancel the insurance and pay the penalties. >> reporter: like any military man, hudson is running every scenario to stay in business. >> it's really sad, isn't it, that we've got to fight our own system to survive. >> report
. >> reporter: with defense spending on the chopping block, even if congress avoids the fiscal cliff, hudson predicts a 15% slowdown in orders next year. >> it could be june before we start seeing orders, and if that's true, i will end up laying off people. >> reporter: hudson's also concerned about taxes. because his profits are treated as income, that puts him over $250,000 a year, the level at which president obama wants taxes to go up. >> i'm supposedly a rich guy? i...
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Dec 25, 2012
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there could be a dairy cliff beginning next year you could be paying as much as $7 for a gallon of milk. if congress doesn't step in. with all the concerns over the fiscal cliff, that we've just been talking about, several other legislative matters are falling by the wayside including a stalled farm bill. that includes the dairy subsidy and set to end january 1st sending us back to the 1950s policy requiring the government to buy milk at inflated prices and driving up the cost for everyone. >>> we need some good news. over to lawrence now and find out about rain that's coming. >> that big storm that's rolling into the bay area. happy holiday. yes, merry christmas to you and everyone and you're headed out today i hope you get the umbrella for christmas, maybe a rain jacket. you will need it today. already seeing some showers on the hi-def doppler radar showing up in the north bay right now. these just some scout showers really out ahead of the main cold front but the winds going to be kicking up. and it looks like we're going to see a brief period of heavy amounts of rainfall as the syst
there could be a dairy cliff beginning next year you could be paying as much as $7 for a gallon of milk. if congress doesn't step in. with all the concerns over the fiscal cliff, that we've just been talking about, several other legislative matters are falling by the wayside including a stalled farm bill. that includes the dairy subsidy and set to end january 1st sending us back to the 1950s policy requiring the government to buy milk at inflated prices and driving up the cost for everyone....
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Jan 3, 2013
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. >>> coming up in our next half hour the "fiscal cliff" compromise causing some congressmen to say what they really think. >> i hate this agreement with every fiber of my being. >> what it means for your paycheck. >> and al-jazeera with a pathway to your living room and the photographer killed taking pictures of justin bieber's ferrari. coming up. ,, ,,,,,,,,,, ,,,,,, cliff deal. but that compromise doesn't address l of o >>> president obama back on vacation in hawaii relieved that congress reached a "fiscal cliff" deal. that compromise doesn't address all or problems. there is some agreement on both sides of the aisle. no one appears to fully support the deal on capitol hill. cbs reporter danielle nottingham on the next crisis looming on the horizon. >> reporter: as the 112th congress wraps up its work, lawmakers getting ready to leave washington aren't exactly proud of the deal to avoid the "fiscal cliff." >> i hate this agreement. i hate it with every fiber of my being. >> reporter: late tuesday night, the house signed off on a bill that will prevent a middle class tax hike and delay
. >>> coming up in our next half hour the "fiscal cliff" compromise causing some congressmen to say what they really think. >> i hate this agreement with every fiber of my being. >> what it means for your paycheck. >> and al-jazeera with a pathway to your living room and the photographer killed taking pictures of justin bieber's ferrari. coming up. ,, ,,,,,,,,,, ,,,,,, cliff deal. but that compromise doesn't address l of o >>> president obama back...
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Nov 8, 2012
11/12
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next tuesday, congress convenes and the top discussion will be on that "fiscal cliff." at the white house, tara mergener cbs 5. >> mitt romney and his wife left their boston hotel this morning. their future is uncertain. romney spent the past six years running for president. what's next? the initial plan is to spend time with family. but his wife recently said he will not run again for president. there is april general consensus the 65-year-old politician was unlikely -- there is a general consensus the 65-year-old politic was unlikely to disappear from the public altogether. >>> voters endorsed proposition 30, governor brown's plan to hike sales and income taxes to raise $6 billion to balance the state budget. so what comes next? cbs 5 political insider phil matier spoke with the governor today. phil. >> reporter: that's right. this is a first step, but we didn't go off the cliff but it's still a rocky road here in sacramento and for california. >>> we're not going to see the $5.5 billion of cutbacks to k- 12. >>> reporter: educators however say there's still more to b
next tuesday, congress convenes and the top discussion will be on that "fiscal cliff." at the white house, tara mergener cbs 5. >> mitt romney and his wife left their boston hotel this morning. their future is uncertain. romney spent the past six years running for president. what's next? the initial plan is to spend time with family. but his wife recently said he will not run again for president. there is april general consensus the 65-year-old politician was unlikely -- there...
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Jan 3, 2013
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cliff deal that set the stage for the next one. look, there are things that we can do again to continue to make our tax code fair. republicans would like to see some changes in the way we do some entitlements hopefully in a measured way so we don't end up doing more harm than good but look, i think we all understand the elements that have to be involved to continue again to grow our economy, to get some balance in our tax code to get our fiscal house in order. again, if we could just put aside some of the screaming and yelling. >> robert but this does set up what someone has called these cascading cliffs now, that there are more of these. isn't this a distraction from what the president wanted to didn't he give in and now hurt himself in terms of going after some of the other legislative accomplishments that he wanted to spend with this new congress in other words immigration reform, tax reform something on gun control? >> well look i think tax reform has to be a big part of all of these whatever fiscal cliffs or cascades or what w
cliff deal that set the stage for the next one. look, there are things that we can do again to continue to make our tax code fair. republicans would like to see some changes in the way we do some entitlements hopefully in a measured way so we don't end up doing more harm than good but look, i think we all understand the elements that have to be involved to continue again to grow our economy, to get some balance in our tax code to get our fiscal house in order. again, if we could just put aside...
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Nov 9, 2012
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. >> nonpartisan congressional budget office predicts the "fiscal cliff" would send the unemployment rate skyrocketing above 9% next year. >>> those types of concerns are showing up in the world market this morning. major asian and european markets are down today following two rough days for the dow, nasdaq and s&p 500 here at home. u.s. futures are also down this morning. investors also are concerned about europe's debt crisis. >>> new rules could mean shorter lines at gas stations in new york. police are at gas stations today to enforce a new fuel rationing plan. it lets people fill up their cars every other day depending on the last number on their license plates. new york mayor michael bloomberg says the move is designed to ease the fuel crunch and shortages could last a few more weeks. >> i don't like it. i don't think it's going to be for long. soon it's going to have gas for everybody. i don't think it's going to be for long because i don't like it too much. >> the latest storm has setback efforts to restore power in the northeast. new york's governor is calling for an investi
. >> nonpartisan congressional budget office predicts the "fiscal cliff" would send the unemployment rate skyrocketing above 9% next year. >>> those types of concerns are showing up in the world market this morning. major asian and european markets are down today following two rough days for the dow, nasdaq and s&p 500 here at home. u.s. futures are also down this morning. investors also are concerned about europe's debt crisis. >>> new rules could mean...
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Dec 11, 2012
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. >>> coming up in our next half hour, the president takes his fiscal cliff case trend -- tonight road. >>> don't talk about them like they are give aways. >> what some see as the only way to get both sides to compromise on taxes. >>> music fans mourn the loss of a singing superstar. how jenni rivera is being remembered for more than her music. >> we couldn't see this happening. >>> their prank may have cost a woman her life. now we hear for the first frame those disc jockeys who set off a fire storm. secondhand smoke affects everyone's health. it's not just irritating. it can cause heart disease and even death. speak up about secondhand smoke. your health and the health of your family depend on it. the president and house republicans have just three weeks to find a compromise o stop automatic tax hikes and spending cuts. and both sides say they're ready to . cbs reporter danielle nottim on the "sacred cow" that mit be key to the solution. suggested lead: the pres >>> now at 6:30, president obama hits the road to sell his solution for avoiding the fiscal cliff. the president and the ho
. >>> coming up in our next half hour, the president takes his fiscal cliff case trend -- tonight road. >>> don't talk about them like they are give aways. >> what some see as the only way to get both sides to compromise on taxes. >>> music fans mourn the loss of a singing superstar. how jenni rivera is being remembered for more than her music. >> we couldn't see this happening. >>> their prank may have cost a woman her life. now we hear for the...
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Dec 25, 2012
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. >>> it is not just the fiscal cliff that we're closing in on. a darely cliff? this is a new one. beginning next year you could be paying as much as $7 for a gallon of milk if congress doesn't step in. with all the concerns over the fiscal cliff, several other legislative matters are falling by the wayside. including a stalled farm bill that includes the dairy subsidy. it is set to end january 1st sending us all the way back to the 1950s policy requiring the government to buy milk at inflated prices. therefore driving up the cost for everyone. >>> i'm glad it's christmas. guess who's cozy by the fireplace here? our very own michelle griego sharing this photo from christmas eve. she doesn't know i'm sharing it with you -- >> i know. i know. >> she's at home with her family as you can see. they got the socks on. they're sitting on the couch. they're enjoying the fireplace. and the little socks to the far right is her 4-year-old daughter, my guess is giana is up and under the tree right now looking for goodies. >> that's so cute. i love that picture i think that's the future christma
. >>> it is not just the fiscal cliff that we're closing in on. a darely cliff? this is a new one. beginning next year you could be paying as much as $7 for a gallon of milk if congress doesn't step in. with all the concerns over the fiscal cliff, several other legislative matters are falling by the wayside. including a stalled farm bill that includes the dairy subsidy. it is set to end january 1st sending us all the way back to the 1950s policy requiring the government to buy milk at...
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Jun 10, 2023
06/23
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is facing a fiscal cliff with pandemic relief funds running out. that could mean drastic cuts to services unless the state steps in. with all that looming, b.a.r.t. just approved an 11% fare hike over two years. parking fees would rise from between 1 to $3 to as high as $6.30 and b.a.r.t. could start charging for parking and weekends and weekday afternoons depending on the demand. the agency is facing an estimated $93 million deficit in 2025. it does beg the question with ridership hovering around 40% of prepandemic levels, will fare hikes only make b.a.r.t.'s problems worse? wilson walker is live at the concord station where it isn't a problem finding parking these days. so that's a good thing. hey there, wilson. >> reporter: yeah. b.a.r.t. riders got that going for them, plenty of parking at just about every b.a.r.t. station. we will show you those available parking spaces in a little bit, but yeah, it's no secret b.a.r.t. passengers have had a lot of complaints lately, a lot of polling showing riders have different concerns. now you hear about a
is facing a fiscal cliff with pandemic relief funds running out. that could mean drastic cuts to services unless the state steps in. with all that looming, b.a.r.t. just approved an 11% fare hike over two years. parking fees would rise from between 1 to $3 to as high as $6.30 and b.a.r.t. could start charging for parking and weekends and weekday afternoons depending on the demand. the agency is facing an estimated $93 million deficit in 2025. it does beg the question with ridership hovering...
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Jun 10, 2023
06/23
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is facing a fiscal cliff with pandemic relief funds running out. that could mean drastic cuts to services unless the state steps in. with all that looming, b.a.r.t. just approved an 11% fare hike over two years. parking fees would rise from between 1 to
is facing a fiscal cliff with pandemic relief funds running out. that could mean drastic cuts to services unless the state steps in. with all that looming, b.a.r.t. just approved an 11% fare hike over two years. parking fees would rise from between 1 to
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Nov 15, 2023
11/23
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fiscal cliff coming from the metropolitan transportation commission which approved the funding today. 45% of the funding distributing among bay area transit agencies. >>> we are tracking the rain with our first alert chief meteorologist. where is the rain right now? >> we seen some hit or miss showers so far today, the bulk of the steadiest and heaviest rain has been falling over the ocean. the difference that a little wobble makes. this system has been spinning off the coast over the last few days. all of this heavy rain would just be soaking the entire bay area. the heavy rain toward the west trends closer to the coast looking toward the south. this rain toward the south would be going in our direction as we go through the next few hours. the fact that we got there the day mostly dry so far does not mean this will continue through the afternoon and evening commutes is rain becomes likely through the next few hours. when talking about enough to cause significant flooding problems but there could be some standing water on the side of the road with high water problems. the batch of ra
fiscal cliff coming from the metropolitan transportation commission which approved the funding today. 45% of the funding distributing among bay area transit agencies. >>> we are tracking the rain with our first alert chief meteorologist. where is the rain right now? >> we seen some hit or miss showers so far today, the bulk of the steadiest and heaviest rain has been falling over the ocean. the difference that a little wobble makes. this system has been spinning off the coast...
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Jan 1, 2013
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next half hour coming up a last- minute fix for the "fiscal cliff." what it means for your taxes and will it survive the house today? >> that's the big question. and gunfire canceled a northern californi fireworks show. we'll show you the panic after five people were shot in the crowd. >> this morning, three people are recovering from gunshot wounds including a 12-year-old boy this after police say new year's eve celebrations turned violent. we'll have the details in a live report coming up. survivor a lifetime-- that's definitely a fair trade. whoo! walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a lifetime. visit the3day.org to register or to request more information and receive a free 3-day bracelet today. ♪ building up from deep inside it was 3 days of pure joy. susan g. komen's investments in early detection and treatment have helped re
next half hour coming up a last- minute fix for the "fiscal cliff." what it means for your taxes and will it survive the house today? >> that's the big question. and gunfire canceled a northern californi fireworks show. we'll show you the panic after five people were shot in the crowd. >> this morning, three people are recovering from gunshot wounds including a 12-year-old boy this after police say new year's eve celebrations turned violent. we'll have the details in a...
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Jun 13, 2023
06/23
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bart and muni previously predicted reaching their fiscal cliffs in 2025. >>> in less than an hour, a final hearing in san jose over the city's budget. inviting people to speak out before a vote is made tomorrow. the mayor wants money in next year's budget evenly split between emergency shelters and permanent affordable housing. yesterday demonstrators rallied opposing the plan to vert mothe city's budget to emergency shelters. long and expensive battle with cancer left her homeless, living if emergency housing the last three years. >> and i had surgery for four months, and people packed up my stuff. >> reporter: tay say she has struggled to find a permanent and affordable place of her own. campaigning on promises of ending street homelessness. >> it is a clear and moral imperative that we face to get dignified housing with privacy and stability and security to every person in our community before we embrace the slowest most expensive strategy possible. >> and now the mayor's budget includes $36 million for affordable housing projects that have already been approved. it includes anoth
bart and muni previously predicted reaching their fiscal cliffs in 2025. >>> in less than an hour, a final hearing in san jose over the city's budget. inviting people to speak out before a vote is made tomorrow. the mayor wants money in next year's budget evenly split between emergency shelters and permanent affordable housing. yesterday demonstrators rallied opposing the plan to vert mothe city's budget to emergency shelters. long and expensive battle with cancer left her homeless,...
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they'll do the fiscal cliff stuff and tax reform by august 1 of next year. >> but the speaker so far has not had a rebellion underneath him. he has said things that continue to move in this direction without a rebellion. here's what happened oned with. the president called speaker boehner, my congressional add aides are going to meet with your people. what ron neighbors said tell us what you want after you agree to rates. the white house thought that was an accommodating conversation. the republicans interpreted that as seeking their humiliation. so even within the contours of conversations that are direct and face to face, there are wildly differing interpretations. >> republicans, by the way, know if boehner crosses that bridge, that it could be immediately leaped and get a democratic victory dance on rates without really getting serious on the other side. that's what the lack of trust causes in this process. >> schieffer: i guess in the final analysis, nothing is going to happen until the last minute of the last hour, though, it seems to me. >> and the closer we get to that, the s
they'll do the fiscal cliff stuff and tax reform by august 1 of next year. >> but the speaker so far has not had a rebellion underneath him. he has said things that continue to move in this direction without a rebellion. here's what happened oned with. the president called speaker boehner, my congressional add aides are going to meet with your people. what ron neighbors said tell us what you want after you agree to rates. the white house thought that was an accommodating conversation. the...
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Nov 22, 2012
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one company will spend $20 billion less in the next two years if the fiscal cliff happens. >>> the boston herald reports massachusetts highway safety director is resigning. sheila burgess came under fire because her driving record includes seven accidents, four speeding violations and a ticket for not wearing a seat belt. did we mention she's the highway safety director? this week, the governor said it was a screw up his words, to hire burgess for that job. she cites health reasons for her resignation. >>> and the telegraph says the pope says in his new book that christ was born earlier than commonly thought. he says dennis small made that mistake many years ago and nobody caught it. many believe he was born between 17 bc and 200 bc. >>> good morning, and happy thanksgiving! weather outside looking very nice as we expect high pressure to build in overhead. temperatures warming up very nicely toward the afternoon a little chilly early on today. but the latter part of the day mostly sunny skies. we'll crank these temperatures up into the 60s so get outside and enjoy it if you can. the nice
one company will spend $20 billion less in the next two years if the fiscal cliff happens. >>> the boston herald reports massachusetts highway safety director is resigning. sheila burgess came under fire because her driving record includes seven accidents, four speeding violations and a ticket for not wearing a seat belt. did we mention she's the highway safety director? this week, the governor said it was a screw up his words, to hire burgess for that job. she cites health reasons for...
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Jul 6, 2023
07/23
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cliff. if it passes drivers will pay an extra $1.50 for the next five years. critics say the first agencies should show they would use the money wisely. >>> mayor london breed has marked 500 block throughout san francisco to be resurfaced next year. the price tag is $77 million. the mayor's office says it will be paid for by local and state funding. >>> daytime highs today in the city of san francisco are sitting nice and cool in the low 60s. this is perfect running weather, if you plan on running along the marina, we are expecting 60s in the afternoon with partly cloudy skies. throughout the bay area we are sitting below average. 70s expected in the santa clara valley with 80s in the east inland hills . if you live in this area, enjoy it . by next week we heat up and we will see triple digits return. enjoy th beautiful, mild weather. it is cooler along the coast with the marine layer holding on. no matter where you live in the bay area we are below average, 10 degrees below average in pacif
cliff. if it passes drivers will pay an extra $1.50 for the next five years. critics say the first agencies should show they would use the money wisely. >>> mayor london breed has marked 500 block throughout san francisco to be resurfaced next year. the price tag is $77 million. the mayor's office says it will be paid for by local and state funding. >>> daytime highs today in the city of san francisco are sitting nice and cool in the low 60s. this is perfect running weather,...
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wyatt andrews on the president, the speaker, and the fiscal cliff. new talk of compromise. but is a tax increase next? and steve hartman "on the road" at the height of the storm, tony iann got a phone call from his son. >> when he hung up, i started to cry. i said "it's over. he's not coming back." captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. late today president obama accepted the resignation of the director of central intelligence, david petraeus. petraeus acknowledged having an extramarital affair. we have learned that for the last few months the f.b.i. has been investigating the communications of petraeus. law enforcement sources tell bob orr there was concern about e-mails that the c.i.a. director was exchanging with a woman who is a journalist. additional sources tell us those communications involved paula broadwell, seen here with petraeus on a department plane. broadwell, 39 years old, published a book last year on petraeus' time as the general in charge in afghanistan. broadwell is a harvard university resea
wyatt andrews on the president, the speaker, and the fiscal cliff. new talk of compromise. but is a tax increase next? and steve hartman "on the road" at the height of the storm, tony iann got a phone call from his son. >> when he hung up, i started to cry. i said "it's over. he's not coming back." captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. late today president obama accepted the resignation of...
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gun legislation will have to wait weeks until congress gets through the next fiscal cliff debate. anthony? >> thank you, bob. turning now to two men with a lot of experience in the gun arena, bloomberg, you may recall is a fierce proponent of gun control. also with us cbc this morning kronltd john miller, a former assistant to the fbi who served in the nypd and the lapd both. john, let me start with you. what do you think is going to come out of this? >> this is going to be a big uphill battle and it has many moving parts. if you want to put an armed police officer or security in every skier. i think they want to get back what they lost which is an assaults weapon ban and ban on high-capacity magazines. the question is if they get back what they lost lrks it make a difference which wasn't much? how do you take the lessons of last time, tweak it and make a difference. >> the other question is we know congress has not wanted to wrestle with this issue for quite some time. is it worth it if it's not going to be productive? >> you don't know that until you've been wrestling. the last
gun legislation will have to wait weeks until congress gets through the next fiscal cliff debate. anthony? >> thank you, bob. turning now to two men with a lot of experience in the gun arena, bloomberg, you may recall is a fierce proponent of gun control. also with us cbc this morning kronltd john miller, a former assistant to the fbi who served in the nypd and the lapd both. john, let me start with you. what do you think is going to come out of this? >> this is going to be a big...
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Nov 13, 2023
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. >>> up next, bart is heading for a fiscal cliff that could hurt its future altogether. we take a look at what a world with (♪♪) (♪♪) (♪♪) get exclusive offers on select new volvo models. contact your volvo retailer to learn more. >>> for the past week we've been bringing you stories in our special series bart on the brink. we've talked about the cliff as we have looked at the issues that have driven riders away from the pandemic to the concerns over safety and cleanliness. we also discussed the proposals to keep bart alive for years to come. but if they plunge off that fiscal cliff, it's not just riders who will suffer. max darrow shows us what a world without bart might look like. >> reporter: the first leg of the commute from san francisco to oakland is done on two wheels. the second leg will take her underground. relying on bart to get her to and from work and all the way around the bay area for more than ten years. >> i love that. it shows how one full bart train moves 1,500 people. >> reporter: in recent years, regularly trains have not been the norm. t
. >>> up next, bart is heading for a fiscal cliff that could hurt its future altogether. we take a look at what a world with (♪♪) (♪♪) (♪♪) get exclusive offers on select new volvo models. contact your volvo retailer to learn more. >>> for the past week we've been bringing you stories in our special series bart on the brink. we've talked about the cliff as we have looked at the issues that have driven riders away from the pandemic to the concerns over safety and...
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Jan 3, 2013
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nobody appears to like the deal but averted the "fiscal cliff" though. cbs reporter danielle nottingham is in washington with the next crisis looming on the horizon. hi, danielle. >>> reporter: hello, brian. and some lawmakers express their disappointment while still voting in favor of this law. no one wanted to see higher taxes for the middle class. but congress only prevented one crisis to face another in the coming weeks. >>> reporter: as the 112th congress wraps up its work, lawmakers getting ready to leave washington aren't exactly proud of the deal to avoid the "fiscal cliff." >> i hate this agreement. i hate it with every fiber of my being. >> reporter: late tuesday night, the house signed off on a bill that will prevent a middle class tax hike and delay automatic spending cuts. mark gold wine of the committee for a responsible federal budget says congress missed an opportunity to tackle the ballooning federal debt. >> this problem isn't going away. >> reporter: the bill raises taxes on families making more than $450,000 a year and extends long-te
nobody appears to like the deal but averted the "fiscal cliff" though. cbs reporter danielle nottingham is in washington with the next crisis looming on the horizon. hi, danielle. >>> reporter: hello, brian. and some lawmakers express their disappointment while still voting in favor of this law. no one wanted to see higher taxes for the middle class. but congress only prevented one crisis to face another in the coming weeks. >>> reporter: as the 112th congress wraps...
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cliff, the spending cuts and tax hikes that will kick in next year if congress and the administration can't end the rancor and agree on how to handle the deficit. the ratings agency fitch said today uncertainty about u.s. fiscal policy is the single biggest near-term threat to the global recovery. when you see washington act the way it's been acting, does it make you more cautious? hr of course. >> reporter: bayard winthrop launched american giant, a new men's clothing business in san francisco this year. but the indecision in washington, he says, is holding him back. >> it doesn't breed a lot of optimism. so we're hiring, but we're not hiring as aggressively as i think we would be if i had real confidence that we were on a pathway towards growth nationally. >> reporter: so in effect, washington is undermining the ionomy. >> i think that the lack of substantial and positive debate is undermining the economy. >> reporter: one piece of good news today, weekly first-time unemployment claims dropped to a two-month low. bor the labor department says the economy actually added nearly 400,00
cliff, the spending cuts and tax hikes that will kick in next year if congress and the administration can't end the rancor and agree on how to handle the deficit. the ratings agency fitch said today uncertainty about u.s. fiscal policy is the single biggest near-term threat to the global recovery. when you see washington act the way it's been acting, does it make you more cautious? hr of course. >> reporter: bayard winthrop launched american giant, a new men's clothing business in san...
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if we go over the "fiscal cliff," a uc spokesman says we could lose $335 million in research funds. other consequences for californians, 143,000 unemployed could lose assistance in trying to find a job. nearly 300,000 disadvantaged students would get fewer benefits at school. 8,000 patients wouldn't get hiv testing and 2,000 women could miss out on breast and cervical cancer screening. now, we would have all those spending cuts but remember, we would also have an increase in taxes which some economists predict could throw us back into recession and with no deal who is to of blame? 53% of americans place that blame on republicans. in the newsroom, grace lee, cbs 5. >>> the comments made by the president made investors hopeful that a quick deal could be made to avoid the "fiscal cliff." that gave wall street its first gain. week. the dow closed up more than 82 ending above 13,000. the s&p 500 rose more than 2. but the nasdaq as you see lost almost 23. >>> bart's multi-million dollar nuisance. the exhaustive effort to shoo hundreds of birds away. >> and hundreds of complaints about the
if we go over the "fiscal cliff," a uc spokesman says we could lose $335 million in research funds. other consequences for californians, 143,000 unemployed could lose assistance in trying to find a job. nearly 300,000 disadvantaged students would get fewer benefits at school. 8,000 patients wouldn't get hiv testing and 2,000 women could miss out on breast and cervical cancer screening. now, we would have all those spending cuts but remember, we would also have an increase in taxes...
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Nov 27, 2012
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cliff, those tax increases and spending cuts that would kick in next year. lawmakers returned to washington yesterday amid some talk of compromise, but the issue of how to raise revenue remains a critical and hard to overcome sticking point. susan mcginnis is live in washington with more. >> reporter: those changes kick in if no alternative deal is made. as of now, both sides are still talking about their willingness to compromise, but when it comes to that main issue, raising tax rates, both sides are digging in. democratic senator dick durbin will give what's being called a major speech laying out a case for a bipartisan fiscal deal. he's a member of the senate's gang of eight, four democrats and four republicans who have collaborated on ways to reduce the nation's debt for two and a half years. democratic senator mark warner is part of the gang and says democrats are willing to put entitlements like medicaid and medicare on the negotiating table. >> the math just doesn't work anymore. not because the programs are bad, but because thank goodness, we're liv
cliff, those tax increases and spending cuts that would kick in next year. lawmakers returned to washington yesterday amid some talk of compromise, but the issue of how to raise revenue remains a critical and hard to overcome sticking point. susan mcginnis is live in washington with more. >> reporter: those changes kick in if no alternative deal is made. as of now, both sides are still talking about their willingness to compromise, but when it comes to that main issue, raising tax rates,...
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. >>> well, for the rest of us, coming up in the next half hour, the "fiscal cliff." it's staring in the face of washington. with less than a month until the deadline, why president obama is spending time on twitter. >> the new evidence linking brain damage to repeated concussions. why a bay area doctor says it's still too early to ban tackle football for kids. >>> i'm delighted for them. i'm sure they will make absolutely brilliant parents. >> the royal couple is expecting. why kate though is in the hospital and will be for several days. ,,,,,, it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in, it's about keeping the food part
. >>> well, for the rest of us, coming up in the next half hour, the "fiscal cliff." it's staring in the face of washington. with less than a month until the deadline, why president obama is spending time on twitter. >> the new evidence linking brain damage to repeated concussions. why a bay area doctor says it's still too early to ban tackle football for kids. >>> i'm delighted for them. i'm sure they will make absolutely brilliant parents. >> the royal...
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Dec 22, 2012
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and leave a "fiscal cliff" compromise on -- leave for the holidays and leave a "fiscal cliff" compromise on hold. what's left to find common ground with only days to make a deal. >> a milestone for california's jobless. the new number and where unemployment is still double the national average. >> an annual pampering for the mom. ,,,,,,,, president and congress are headed home for vacation. t president did offer a finala for a resolution... cbs repr >>> 10 days until the country falls off the "fiscal cliff." washington is going home for christmas. tara mergener on the president's parting thoughts. >> reporter: president obama called on house speaker john boehner to come back to the negotiating table to avoid the "fiscal cliff." >> as of today, i am still ready and willing to get a comprehensive package done. >> reporter: the house did not even vote on speaker john boehner's proposed plan b because it didn't win enough republican support. >> good morning, everyone. >> reporter: the speaker says the ball is in the president's court. >> unless the president and congress take action, tax rat
and leave a "fiscal cliff" compromise on -- leave for the holidays and leave a "fiscal cliff" compromise on hold. what's left to find common ground with only days to make a deal. >> a milestone for california's jobless. the new number and where unemployment is still double the national average. >> an annual pampering for the mom. ,,,,,,,, president and congress are headed home for vacation. t president did offer a finala for a resolution... cbs repr >>>...
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Nov 28, 2012
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this morning little progress to report in efforts to avert the so-called fiscal cliff, those are the tax increases and spending cuts that will take effect next year. republicans and democrats continue to squabble over raising taxes and sparing entitlement programs like medicare and medicaid. today the president discusses the issues with leaders of major corporations. he met with small business leaders yesterday. susan mcginnis is in washington. >> reporter: while the two sides remain deadlocked president obama is taking his case to the american people trying to drum up support. republicans are complaining that instead of being out campaigning he needs to sit down with them and work out a deal. it's a short drive up pennsylvania avenue from the capital to the white house but congressional republicans and president obama are getting farther apart in their effort to keep the nation from veering off the so-called fiscal cliff. a series of tax hikes and spending cuts due to kick in at the end of the year. >> seems like our friends on the other side is having difficulty turning off the cam
this morning little progress to report in efforts to avert the so-called fiscal cliff, those are the tax increases and spending cuts that will take effect next year. republicans and democrats continue to squabble over raising taxes and sparing entitlement programs like medicare and medicaid. today the president discusses the issues with leaders of major corporations. he met with small business leaders yesterday. susan mcginnis is in washington. >> reporter: while the two sides remain...
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Dec 21, 2012
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. >> plus the "fiscal cliff" failure. boehner pulls the plug on his backup plan. what's next in the stalemate. >> and the neighbors have spoken. a 7-eleven shut out of a peninsula city. why some say it should not have been there in the first place. ,,,,,, i have what science calls the nightly stuffy nose thing. i can't breathe, so i can't sleep. and the next day i pay for it. i tried decongestants... i tossed and turned... i even vaporized. and then i fought back with drug-free breathe right. these nasal strips instantly open my nose, like a breath of fresh air. i was breathing and sleeping better. [ female announcer ] exercise your right to breathe right. get two free strips at breatheright.com. hey it's your right to breathe right. morning.. to combat big sev bay area malls this morningo combat big crowds.. it's in response to the releas >>> new this morning, take a look. police are called out to several bay area malls this morning to combat big crowds. this is in response to the release of the air jordan 11 shoe. chopper 5 you can see is over the scene right no
. >> plus the "fiscal cliff" failure. boehner pulls the plug on his backup plan. what's next in the stalemate. >> and the neighbors have spoken. a 7-eleven shut out of a peninsula city. why some say it should not have been there in the first place. ,,,,,, i have what science calls the nightly stuffy nose thing. i can't breathe, so i can't sleep. and the next day i pay for it. i tried decongestants... i tossed and turned... i even vaporized. and then i fought back with...